[ detkuhn-sol-i-dey-shuhn ]
/ ˈdɛt kən sɒl ɪˌdeɪ ʃən /
the combining of several smaller loans into a single new loan in order to obtain better terms, as a lower interest rate.
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What does “clement” mean?
Origin of debt consolidation
First recorded in 1925–30
Words nearby debt consolidation
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020